11
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3327 Nettleton Street
About This Property
The area is experiencing significant growth, with new construction homes emerging throughout the neighborhood. Its prime location near the University of Houston and Texas Southern University makes it an ideal spot for future homeowners or renters. Just minutes from downtown, local ballparks, and the newly renovated Emancipation Park. Homes in the surrounding area are currently selling for $400K to $500K, highlighting its investment potential.
The lot adjacent to the subject property on Simmons Ave is also available for sale by the seller, with the same 2,200 sq ft dimensions, providing a total of 4,400 sq ft of buildable space if both lots are purchased together. (see MLS# 21643865)
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 7, 2025 | Sold | ||
| Sold | |||
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Apr 6, 2025 | Price Decreased |
$72,500
↓ $2K
(3.3%) | |
| Price Decreased | |||
| Mar 25, 2025 | Price Decreased |
$74,990
↓ $10K
(11.3%) | |
| Price Decreased | |||
| Feb 25, 2025 | Price Decreased |
$84,499
↓ $3K
(3.4%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About South Central Houston
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017